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Abu Dhabi bourse slashes more than two per cent
May 19, 2014--The Abu Dhabi stock market index (ADXGI) lost 2.34 per cent to hit 4,869.57 points on Monday, May 19, representing a two-month low.
Like at its sister market in Dubai, shares lost across the board at the ADX, as only four stocks advanced, while 26 declined. Weak input from Asian markets after disappointing data from...
Dubai market plummets by more than five per cent
May 19, 2014--Only the closing bell at 2pm (local time) prevented a 'bloodbath' at the Dubai Financial Market, with its general index (DFMGI) falling for the fourth session straight on Monday, May 19, closing 5.46 per cent lower at 5,855.50 points.
Emaar dived 6.34 per cent to hit AED9.60. Arabtec, as the most liquid share, headed down...
S&P affirms Egypt's ratings
May 18, 2014--Global credit ratings agency, Standard and Poor's (S&P) has affirmed Egypt's long term and short-term foreign and local currency sovereign credit ratings, with 'Stable' outlook, Daily News Egypt has reported.
"The affirmation reflects our view that official donors will continue to provide the Egyptian government sufficient foreign currency funds to manage the country's short-term fiscal...
Ma'aden mulls capital increase to expand gold operations
May 15, 2014--The Saudi Arabian Tadawul All-Share Index closed dipped by 0.13 per cent to 9,807.37 points on Thursday, May 15.
SABIC remained in a stutter mode, ending off 0.80 per cent lower at SAR118.50. Saudi Arabian Mining Company, better known as Ma'aden (Arabic for metals), lost 4.14 per cent, after gaining 5.49 per cent yesterday.
Dana Gas dives on weak first-quarter performance
May 15, 2014--The Abu Dhabi equity market index (ADXGI) gained 0.11 per cent to hit 5,021.47 points on Thursday, May 15.
There were gains, but no cheers on the first trading day that marked the UAE's official upgrading to 'emerging market' status by global raing agency MSCI. Nine UAE shares entered the MSCI emerging market index from
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Profit takings rule at Dubai market on UAE's first emerging market day
May 15, 2014--The Dubai Financial Market General Index (DFMGI) dived 2.59 per cent to close at 5,181.14 points on Thursday, May 15, the first trading day that marked the UAE's official upgrading to 'emerging market' status by global ratings agency MSCI.
Nine UAE shares have entered the MSCI emerging market index: Emaar (which fell by 4.13 per…
Qatar bourse dips on first day as MSCI emerging market
May 15, 2014--The Qatar Exchange 20 Index fell by 0.42 per cent to 13,104.75 points on Thursday, May 15, which marked the first day when Qatar entered the MSCI emerging market index universe.
Qatar Insurance fell by 1.91 per cent to close at QAR77.20. Earlier in the day, QIC revealed that it won a contract to insure...
MSCI announces list of Qatari Stocks to enter MSCI Emerging Markets Index
May 15, 2014--In a move which will help to attract additional foreign investment to the Qatar Stock Exchange, MSCI announced the final list of Qatari stocks that will join the MSCI Emerging Markets Index upon the upgrade of the Qatari market, which will take effect June 2nd 2014.
The Qatari companies which will be added to the..
Ma'aden stands out at Tadawul bourse
May 14, 2014--The Saudi Arabian Tadawul All-Share Index closed insignificantly higher at 9,819.89 points on Wednesday, May 14. Market breadth was neutral like the entire trading action.
Saudi Arabian Mining Company, better known as Ma'aden, was the most liquid share and closed 5.49 per cent high at SAR39.20.
Arkan Building Materials soar on strong quarterly earnings
May 14, 2014--The Abu Dhabi equity market index (ADXGI) lost 0.38 per cent to hit 5,015.81 points on Wednesday, May 14. Arkan Building Materials was the top gainer, closing 4.36 per cent higher at AED2.45.
Earlier in the day, the firm revealed that it generated, in the first three months of 2014, a net income of AED13.304...
